The was valued at USD 4.85 billion in 2024 and is projected to reach USD 7.68 billion by 2030, at a CAGR of 8.0% during the forecast period 2024-2030. Forklifts are material handling vehicles designed for industrial and logistics operations, featuring advanced lifting technology and control systems. These machines incorporate sophisticated hydraulics, safety features, and control mechanisms ensuring efficient material handling across various industrial applications.
The European market demonstrates robust growth across sectors. Manufacturing leads with 40% share, logistics 35%, and retail 25%. Investments in technology advancement reached €4.2 billion, with 78% allocated to automation and electrification. Electric models now represent 65% of new units sold. The industry employs approximately 28,000 specialists, with 50% in manufacturing and development roles. Regional initiatives have strengthened safety standards, with 90% of equipment achieving international safety certifications. Strong integration with warehouse automation systems is evident, with 82% of new forklifts featuring advanced telematics.
Report Includes
This report provides an essential reference for stakeholders in the Europe Forklift market, offering detailed information on market size, trends, competition, and growth opportunities. The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as major vendor information. In addition to the data part, the report also provides overview of Forklift, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user’s requirements is also available.
Total Market by Segment:
By Country:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Netherlands
- Belgium
By Product Type:
- Internal Combustion Engine Forklift
- Electric Forklift
- Others
By Application:
- Freight & Logistics
- Retail & E-commerce
- Construction
- Manufacturing
- Others
Key Players (At least 8-10 companies):
- Jungheinrich AG
- KION Group
- Toyota Material Handling
- Manitou Group
- Hyster-Yale Materials Handling, Inc.
- Crown Equipment Corporation
- CAT Lift Trucks
- Mitsubishi Logisnext Co., Ltd.
- Doosan Corporation Industrial Vehicle
- Komatsu Ltd.
Including or excluding key companies would depend on specific analysis requirements.
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key Forklift manufacturers’ revenues in Europe market, 2019-2024 (Estimated), ($ millions)
- Key Forklift manufacturers’ revenue share in Europe market, 2024 (%)
- Key Forklift manufacturers’ sales in Europe market, 2019-2024 (Estimated)
- Key Forklift manufacturers’ sales share in Europe market, 2024 (%)
Key Points of this Report:
- The depth industry chain includes analysis of value chain analysis, Porter’s five forces model analysis and cost structure analysis
- The report covers Europe and country-wise market of Forklift
- It describes present situation, historical background and future forecast
- Comprehensive data showing Forklift capacities, production, consumption, trade statistics, and prices in the recent years are provided
- The report indicates a wealth of information on Forklift manufacturers
- Forklift forecast for next five years, including market volumes and prices is also provided
- Raw Material Supply and Downstream Consumer Information is also included
- Any other user’s requirements which is feasible for us
Reasons to Purchase this Report:
- Analyzing the outlook of the market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Distribution Channel sales Analysis by Value
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 1-year analyst support, along with the data support in excel format.
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